GENEROUS incentives for installing solar panels and returning power to the electricity grid are the latest victims of State Government cost-cutting.
Despite an election commitment to “maintain the Solar Bonus Scheme”, Energy Minister Mark McArdle yesterday announced changes which will see the rebate for new installations reduced from 44 cents/kW to just 8 cents/kW.
Although existing owners will retain the generous rebate until 2028, from July 10, anyone who sells their house with solar panels will lose the 44 cents/kW rebate and new owners will get the lower rate.
